KINGWORLD issued a profit warning, expecting a loss attributable to owners of approximately HKD 4.5 million in the first half of the year, a year-on-year turnaround from profit to loss

KINGWORLD expects to incur a loss of approximately 4.5 million yuan in the first half of 2025, turning from profit to loss year-on-year. It is expected that the profit in the first half will decrease by about 70% to 75%, with a profit of 45.6 million yuan in the first half of 2024. The board of directors pointed out that the loss is mainly due to a decrease in gross profit of about 50% to 55% in the Chinese distribution business, due to a slowdown in demand for related products, with some losses offset by an increase in gross profit from Shenzhen Dongdixin Technology Co., Ltd